I'm not sure we in Europe do the advanced bits of capitalism like extracting lots of profits globally and floating for huge amounts very well. In the UK I can think of a couple of companies that could have gone big - DeepMind and ARM but they both got bought out by Google and Softbank respectively. Maybe it's a cultural thing?
Can Europe build its first trillion-dollar startup?
21–22 of 22 posts
Re: Can Europe build its first trillion-dollar startup?
#22Earlier quoted context omitted.
>It reminds me a lot of another financial axiom we were all supposed to believe: trickle down economics. And look how that turned out. It ended up with Americans having the highest purchasing power in the world, even after accounting for high education and medical costs. Like it or not the workers in capitalist America were and are far better off than in countries where Communism was tried. So trickle down did actual…
So, America is doing better than communist countries, and therefore trickle down economics worked... That's absolutely the lamest attempt at an argument I've seen all week.
If only you could read. Let me copy and paste the argument for the third time, maybe it sinks in this time:
"It ended up with Americans having the highest purchasing power in the world, even after accounting for high education and medical costs."